Jet2 plc (LON:JET2) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Jet2 plc (LON:JET2) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 1,642.83.

JET2 has been the topic of a number of analyst reports. Canaccord Genuity Group lowered shares of Jet2 to a “buy” rating and decreased their target price for the stock from GBX 2,350 to GBX 1,900 in a report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their target price on shares of Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a report on Friday, March 20th. Royal Bank Of Canada cut their price target on shares of Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,800 price target on shares of Jet2 in a research note on Wednesday, April 29th.

Insiders Place Their Bets

In related news, insider Stephen Heapy purchased 2,349 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was acquired at an average price of GBX 766 per share, with a total value of £17,993.34. Also, insider Gary Brown purchased 2,349 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of GBX 766 per share, with a total value of £17,993.34. Insiders purchased a total of 6,336 shares of company stock valued at $5,737,896 in the last quarter. Corporate insiders own 21.50% of the company’s stock.

Jet2 Stock Performance

Jet2 stock opened at GBX 1,094.67 on Thursday. The firm’s 50 day simple moving average is GBX 1,140.44 and its 200 day simple moving average is GBX 1,261.70. The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57. The firm has a market capitalization of £1.98 billion, a PE ratio of 4.67, a price-to-earnings-growth ratio of 9.34 and a beta of 1.22. Jet2 has a 1-year low of GBX 980 and a 1-year high of GBX 1,963.

Jet2 Company Profile

Jet2 plc is a leading leisure travel group, specialising in friendly low fares from its award-winning airline, Jet2.com, and package holidays you can trust from the UK’s largest package holiday provider, Jet2holidays.
Jet2.com is the UK’s third largest airline, flying from 12 UK airports to over 70 destinations across Europe and beyond and Jet2holidays is the UK’s largest tour operator.